Paypal India: Free Money Transfer, Cash In Your Pocket

Paypal: Free Money Transfer, Cash In Your Pocket Now : )
Paypal the most popular and safe online Money transfer service on the net has eased and relaxed its Indian operations and now Indians can receive the money in form of Cash via Paypal direct to their bank accounts in India. This newly introduced e-transfer of money usually would take a week time now, good-bye to the lengthy check times. 

You need a bank account in any of the following banks: State Bank of India, Bank of India, Canara Bank, Union Bank of India, HDFC Bank, ICICI Bank, ING VYSYA Bank, Axis Bank, Standard Chartered Bank, HSBC Bank, Citibank. 

For transferring more than INR 7000 the e money transfer is ALL FREE but for less than this a small fees for INR 50/- per transaction is chargeable, Not so bad… 

Procedure: You just need your bank account number and a 11 Digit Alpha-numeric Unique IFSCI Code (Indian Financial System Code) of your Bank Branch (Contact your Bank Branch and ask them for this, its allotted to each branch by RBI and its unique code for each n every branch) than fill it in your paypal account. Please be careful with spellings and no mistakes should be there, fill your name as its in the bank records the Bank Records Name and PayPal match character by character or the e money transaction will not go through and PayPal would charge you Indian Rupees 250 as its processing fee, so be careful while filling this concrete info. 

PayPal offered another sop to Indians, if you have a Visa credit card or a debit card than withdrawal of funds could go directly into your plastic cards. 

Cheers : ) 

Ref.: 

www.paypal.com 

http://fivepointsome1.blogspot.com/2007/10/how-to-get-your-paypal-money-as-cash-in.html

http://www.labnol.org/india/interesting/withdraw-paypal-money-to-bank-account-in-india/1704/

1 comment:

Pavan Kumar AR said...

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